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570 <br /> 8. Economic Benefits <br /> 8.1 What is the proposed economic value of Research Triangle Logistics Park? <br /> ■ Investment: Estimated up to $150 million (new property tax valuation) <br /> ■ Facility: 160-acre development with up to 2.25 million sq.ft. in four total buildings <br /> ■ Employment: The developer estimates between 1,000— 1,500jobs <br /> (Revised from an earlier higher figure) <br /> 8.2 What are the types of jobs and salaries that could occur at this location? <br /> ■ The RTLP site is currently 90%zoned to already allow certain types of light manufacturing and <br /> assembly, distribution/warehouse, and commercial development. Specific users for the proposed <br /> RTLP project are not known at this time. <br /> ■ Below is the average annual wage data for three existing statewide North Carolina industry <br /> categories.They are examples of average wages that could potentially be associated with jobs that <br /> could locate at the RTLP. (Data source—N.C. Statewide Annual Wage Data for 2019,the N.C. <br /> Department of Commerce's Quarterly Census Employment and Wages. Additional information, <br /> including wage data at the Subsector or Industry Group level,can be located on the N. C. <br /> Department of Commerce website: https://d4.nccommerce.com/QCEWSelection.aspx) <br /> NAICS Annual Average Average <br /> Code Industry Establishments Weekly Wage Hourly Wage <br /> 31 Manufacturing 10,247 $1,175.13 $29.38 <br /> 48 Transportation and Warehousing 8,119 $976.20 $24.41 <br /> 54 Professional,Scientific, and 39,905 $1,646.10 $41.15 <br /> Technical Services <br /> 8.3 Can established business parks located in the City of Mebane/Alamance County provide a <br /> real-world example of potential tenants and any positive economic impact they generate for <br /> their community? <br /> 1. North Carolina Industrial Center(N.C.I.C.) <br /> ■ 3 million total sq.ft. of completed construction (all tenants) <br /> ■ 2,000 total jobs (all tenants) <br /> ■ Hundreds of$ millions in total real & personal property investment added to the City of Mebane <br /> &Alamance County property tax base; substantial annual payroll earned by local residents. <br /> ■ Property tax revenue is shared by Alamance County and the City of Mebane. <br /> ■ 18 total companies (all are national or international companies whose Mebane facility is serving <br /> at least the U.S. east coast, if not national and/or international markets),to include these firms: <br /> Company Name Operation <br /> Sports Endeavors (HQ located in <br /> Distributes Sports Appeal <br /> Hillsborough) <br /> Badcock Home Furniture&more Distributes Home Furniture <br /> CBC America Distributes Medical Devices, Flooring, Optics, Software & Pharmaceuticals <br /> PPG Coating Services Makes& Distributes Protective Coating Products <br /> Ferraro Foods Distributes Italian Food Products <br /> AirGas Produces& Distributes Pure Oxygen for Medical and Industrial Uses <br /> Makes and Distributes Medical Devices, Orthopedics, Blood Pressure <br /> Jabril Healthcare Monitors, Fitness Trackers, Diagnostic Monitors, and Pharmaceutical Delivery <br /> Systems (Inhalers& Injectable) <br /> 20 <br />